The new not-for-profit organization will called LL Global Inc., providing a unified management structure.
The average age of a buyer is now 58, down from 61 in 2005, and 67 in 2000, according to a survey.
RIA firms racked up $1.4 trillion in assets this year, compared to $950 billion in assets in 2005.
Americans are in denial about their finances. Federal data show that they spend like there's no tomorrow. Our middle class is among the most affluent in history, but many live paycheck to paycheck, their futures mortgaged to fund their increasingly expensive amusements.
He will replace Raj Singh, who will take a new position at the Swiss Reinsurance Co.
Age-based mutual funds appear to have firmly cemented a commanding position as the investment option of choice in Section 529 college savings plans, according to industry executives at the annual 529 Technical Conference in Las Vegas last week.
After 11 years as an emergency room physician, Carolyn McClanahan saw her career change course.
It would seem that after the latest sell-off, financial services stocks would be a screaming "buy" for most investors.
Ladenburg Thalmann Financial Services Inc.'s acquisition last week of Investacorp Inc., could position the latter to be more active in recruiting representatives and financial advisers, as well as potentially buying smaller firms.
John Hancock Annuities is making a run for old and young retirees with a new annuity rider.
Merrill board irked by CEO E. Stanley O'Neal's unauthorized outreach, The New York Times reports.
After his business fell apart, Ed May asked a former client to put money into a new set of investments.
Some 77% of respondents to an InvestmentNews survey plan to reach out to clients in areas affected by wildfires.
Falling home prices and higher food and fuel prices drove consumer confidence lower this month.
The Oregon College Savings Plan will combine principal protection with upside potential.
The mutual fund trade group asks the state to repeal a new sales tax on investment advice services.
In addition to advising services, the new tax would also apply to astrology reading, escort services and ski-lift tickets.
Sales of new one-family homes rose 4.8% to a seasonally adjusted annual rate of 770,000 from a revised 735,000 in August.
Despite strong growth, numbers are down slightly from Q2 as officials make effort to curb inflation.
The move would “hinder America’s ability to compete in the global economy,” said Treasury chief Henry Paulson.
